Here’s our fortnightly wrap of all the news driving ASX small cap health stocks.

As the financial year draws to a close, Stockhead reflects on the winners of the ASX small cap health sector in the year thus far.

This year the sector is up over 11 per cent and the top three performers are an app company with a Morrison government cash injection, a cannabis play and this year’s second best performing IPO. They’re all up over 300 per cent.

The gold, bronze and silver medal winners

PainChek (ASX: PCK) has made the greatest gains of all health small caps having soared since the Morrison government announced a $5m investment.

PainChek’s technology uses facial recognition to assess pain in patients who are unable to communicate with their carers.

Since receiving the government funding, the company has continued to roll out its platform.

The most recent news was a $4.2m placement, announced last month. PainChek is under annual contract to over 80 facilities with over 30,000 assessments conducted over the last 18 months.

Taking the silver medal is pot stock Althea Health Group (ASX: AGH), which has had a busy year.

Earlier this month the company announced it had made moves in the UK market. It’s products were prescribed for the first time and Althea was chosen to supply the first UK National Medical Cannabis Pilot.

The program wants to enrol 20,000 patients by the end of 2021. Amibitious? Maybe. But after reaching 300 patients earlier this year they reached the 1,000 patient milestone only two weeks ago.

The Pot Seat: Althea’s Josh Fegan says they can absolutely sell home grown ganja in 2020

Winning the bronze medal was a late entrant, having listed in April – anti bacteria biotech Next Science (ASX: NXS). The company listed at $1 and is now over $4.

Next in line was Orthocell (ASX: OCC), which rose 377 per cent in just one day after a successful Phase III trial of its CelGro technology that targets damaged nerves. Patients reported an 83 per cent improvement in muscle power.

It is nowhere near an ASX record for one day gains though. In fact, even as a record for 2019 it was superceded this week by Hylea Metals (ASX: HCO). Hylea rose 430 per cent on Monday morning after announcing it was buying a uranium mine.

Fortnightly gainers

Althea also took out a top three place among the best performing stocks in the last two weeks. The news earlier this week sent it up 49 per cent.

The top gainer was another pot stock, Botanix Pharmaceuticals (ASX: BOT). It turns out Next Science isn’t the only bug killer – Botanix’s skin cream (Cannabidiol) does too.

The third best performer, 1st Group (ASX: 1ST), had no company news but a couple of substantial holders, Focus Asset Management and John Plummer, topped up their holdings.

The company is a medical software producer and while things were quiet this month, in May it raised $2.6m and began a trial with St Vincent’s Health.

Among the other notable gainers this fortnight was Actinogen Medical (ASX: ACW), which is up 10 per cent.

While the company’s signature drug failed its clinical trial, the company is looking for other opportunities.

The only ASX small cap domiciled in Ireland, Oneview Healthcare (ASX: ONE) has lost 58 per cent this year, but climbed 19 per cent in the last fortnight despite no news out of the company.

CodeNamePrice (3pm Thursday) Market Cap % Return (2 Weeks)% Return YTD
PCK PAINCHEK LTD0.18 $162,973,568.00 20349
AGH ALTHEA GROUP HOLDINGS LTD1.04 $211,442,400.00 49322
NXSNEXT SCIENCE4.03$719,410,000.00 25303
OCC ORTHOCELL LTD0.535 $81,837,240.00 14266
ALC ALCIDION GROUP LTD0.12 $96,680,536.00 -4167
BOT BOTANIX PHARMACEUTICALS LTD0.17 $131,431,792.00 62164
IHL IMPRESSION HEALTHCARE LTD0.039 $22,693,984.00 44162
1ST 1ST GROUP LTD0.068 $24,166,258.00 48134
FTT FACTOR THERAPEUTICS LTD0.004 $4,171,342.50 -20125
M7T MACH7 TECHNOLOGIES LTD0.435 $64,659,588.00 9112
JHL JAYEX HEALTHCARE LTD0.04 $6,904,521.00 -13111
QTM QUANTUM HEALTH GROUP LTD0.026 $28,556,016.00 -486
RAP RESAPP HEALTH LTD0.18 $124,763,496.00 081
TLX TELIX PHARMACEUTICALS LTD1.16 $253,304,368.00 1779
ANP ANTISENSE THERAPEUTICS LTD0.046 $19,324,760.00 -477
RHT RESONANCE HEALTH LTD0.104 $44,362,244.00 -975
CMP COMPUMEDICS LTD0.615 $108,955,216.00 1953
VHT VOLPARA HEALTH TECHNOLOGIES1.62 $345,852,032.00 -451
GID GI DYNAMICS INC-CDI0.024 $23,133,054.00 4150
MVF MONASH IVF GROUP LTD1.43 $338,352,736.00 948
BD1 BARD1 LIFE SCIENCES LTD0.031 $39,896,936.00 4247
MDR MEDADVISOR LTD0.048 $65,851,796.00 -1343
SDI SDI LTD0.0875 $104,007,336.00 -437
CYC CYCLOPHARM LTD1.47 $101,281,344.00 -236
LSH LIFESPOT HEALTH LTD0.073 $5,662,513.50 2033
LBT LBT INNOVATIONS LTD0.115 $27,064,076.00 -1532
FFC FARMAFORCE LTD0.15 $19,170,148.00 030
MXC MGC PHARMACEUTICALS LTD0.05 $60,669,184.00 -230
PAR PARADIGM BIOPHARMACEUTICALS1.27 $244,103,856.00 -1027
GSS GENETIC SIGNATURES LTD1.02 $106,115,128.00 -226
RHY RHYTHM BIOSCIENCES LTD0.17 $17,631,250.00 921
MVP MEDICAL DEVELOPMENTS INTERNA5.3 $347,238,752.00 220
HMD HERAMED LTD0.18 $15,755,191.00 -2519
RNO RHINOMED LTD0.22 $31,934,988.00 -618
RCE RECCE PHARMACEUTICALS LTD0.215 $23,032,932.00 817
OIL OPTISCAN IMAGING LTD0.049 $23,038,762.00 916
NOX NOXOPHARM LTD0.49 $60,074,684.00 -1615
NSB NEUROSCIENTIFIC BIOPHARMACEU0.15 $11,037,089.00 715
IDT IDT AUSTRALIA LTD0.17 $40,282,036.00 314
OPT OPTHEA LTD0.66 $164,613,792.00 014
CTE CRYOSITE LTD0.05 $2,342,978.25 913
AZV AZURE HEALTHCARE LTD0.08 $18,617,026.00 313
ICS ICSGLOBAL LTD1.01 $10,689,859.00 013
CP1 CANNPAL ANIMAL THERAPEUTICS0.14 $13,503,125.00 -312
IDX INTEGRAL DIAGNOSTICS LTD3.01 $472,768,096.00 210
NVL NATIONAL VETERINARY CARE LTD2.1 $140,702,864.00 88
PAA PHARMAUST LTD0.04 $10,928,626.00 37
CPH CRESO PHARMA LTD0.52 $69,547,056.00 67
EMV EMVISION MEDICAL DEVICES LTD0.37 $21,304,138.00 -36
VRT VIRTUS HEALTH LTD4.49 $360,944,352.00 15
JHC JAPARA HEALTHCARE LTD1.17 $312,679,360.00 -95
AHX APIAM ANIMAL HEALTH LTD0.5 $52,948,864.00 114
PYC PHYLOGICA LTD0.028 $68,399,984.00 84
PBP PROBIOTEC LTD1.55 $93,353,920.00 33
MMJ MMJ GROUP HOLDINGS LTD0.24 $55,235,756.00 -22
ONT 1300 SMILES LTD6.4 $151,541,664.00 -31
BPH BPH ENERGY LTD0.001 $2,543,277.75 00
GLH GLOBAL HEALTH LTD0.13 $4,378,217.00 -160
ACR ACRUX LTD0.185 $30,816,876.00 -50
SDX SIENNA CANCER DIAGNOSTICS LT0.06 $17,343,310.00 220
GTG GENETIC TECHNOLOGIES LTD0.007 $19,016,988.00 00
UCM USCOM LTD0.14 $19,269,722.00 -15-3
PAB PATRYS LTD0.025 $26,814,758.00 4-4
MDC MEDLAB CLINICAL LTD0.34 $72,802,472.00 -7-4
KZA KAZIA THERAPEUTICS LTD0.34 $21,136,668.00 -8-4
UBI UNIVERSAL BIOSENSORS INC-CDI0.19 $33,694,180.00 -3-5
CYP CYNATA THERAPEUTICS LTD1.25 $127,865,744.00 0-5
PIQ PROTEOMICS INTERNATIONAL LAB0.344 $27,837,002.00 5-5
DXB DIMERIX LTD0.084 $13,339,153.00 8-6
PSQ PACIFIC SMILES GROUP LTD1.18 $179,352,208.00 -6-6
RSH RESPIRI LTD0.088 $46,277,712.00 -30-6
THC THC GLOBAL GROUP LTD0.44 $59,961,556.00 1-6
PAL PALLA PHARMA LTD1.06 $85,950,728.00 -5-7
PXS PHARMAXIS LTD0.25 $98,578,952.00 2-8
CAN CANN GROUP LTD1.84 $259,201,536.00 -12-8
AJJ ASIAN AMERICAN MEDICAL GROUP0.12 $41,730,332.00 0-8
MEM MEMPHASYS LTD0.025 $13,753,343.00 4-9
IVQ INVITROCUE LTD0.07 $36,772,796.00 0-10
CDX CARDIEX LTD0.026 $18,083,058.00 -26-10
PKS PKS HOLDINGS LTD0.18 $23,016,790.00 6-10
IMM IMMUTEP LTD0.025 $84,714,960.00 -4-11
IVX INVION LTD0.016 $88,009,704.00 7-11
VLS VITA LIFE SCIENCES LTD0.725 $40,463,888.00 1-11
TTB TOTAL BRAIN LTD0.028 $21,775,276.00 17-12
DVL DORSAVI LTD0.054 $11,016,906.00 -13-13
OVN OVENTUS MEDICAL LTD0.22 $23,836,322.00 5-13
ATH ALTERITY THERAPEUTICS LTD0.029 $24,964,286.00 -12-15
SOM SOMNOMED LTD1.58 $99,230,584.00 -6-15
OBJ OBJ LTD0.015 $27,141,940.00 0-17
IMU IMUGENE LTD0.015 $54,147,696.00 -6-17
RAC RACE ONCOLOGY LTD0.057 $4,687,441.50 -5-19
HLA HEALTHIA LTD0.795 $50,112,552.00 -4-20
ADO ANTEO DIAGNOSTICS LTD0.012 $17,900,488.00 -8-20
ALT ANALYTICA LTD0.004 $14,078,449.00 -20-20
AVE AVECHO BIOTECHNOLOGY LTD0.003 $4,732,372.50 -25-20
CAJ CAPITOL HEALTH LTD0.2 $158,043,696.00 -11-20
NEU NEUREN PHARMACEUTICALS LTD1.12 $115,550,424.00 -3-21
SCU STEMCELL UNITED LTD0.015 $9,624,125.00 -12-21
ZLD ZELDA THERAPEUTICS LTD0.041 $30,969,020.00 -2-21
ADR ADHERIUM LTD0.028 $4,676,430.00 -13-22
ELX ELLEX MEDICAL LASERS LTD0.55 $78,980,608.00 -2-22
EX1 EXOPHARM LTD0.42 $33,810,000.00 0-27
MX1 MICRO-X LTD0.21 $32,779,678.00 -11-29
GMV G MEDICAL INNOVATION HOLDING0.2 $77,763,840.00 -7-30
1AD ADALTA LTD0.17 $25,596,802.00 -13-30
ATX AMPLIA THERAPEUTICS LTD0.096 $4,283,837.00 -9-32
PGC PARAGON CARE LTD0.42 $141,911,824.00 -2-33
OSP OSPREY MEDICAL INC-CDI0.071 $30,657,614.00 -29-37
ESE ESENSE-LAB LTD-CDI0.017 $3,421,384.50 -5-37
TDL TBG DIAGNOSTICS LTD0.035 $7,615,555.00 -3-39
BIT BIOTRON LTD0.067 $39,912,292.00 0-39
CDY CELLMID LTD0.17 $14,213,611.00 -3-39
IPD IMPEDIMED LTD0.12 $43,677,460.00 0-39
AC8 AUSCANN GROUP HOLDINGS LTD0.34 $106,194,112.00 -14-41
VBS VECTUS BIOSYSTEMS LTD0.34 $7,949,198.50 -3-42
PTX PRESCIENT THERAPEUTICS LTD0.039 $15,376,164.00 -2-42
IMC IMMURON LTD0.115 $18,769,806.00 -12-42
IBX IMAGION BIOSYSTEMS LTD0.018 $5,826,696.00 -10-43
KKT KONEKT LTD0.17 $17,983,762.00 -3-45
BLT BENITEC BIOPHARMA LTD0.059 $15,164,736.00 -16-47
LCT LIVING CELL TECHNOLOGIES LTD0.023 $13,143,143.00 -23-48
NC6 NANOLLOSE LTD0.043 $3,224,999.75 -27-51
ANR ANATARA LIFESCIENCES LTD0.2 $10,129,713.00 -39-54
AMT ALLEGRA ORTHOPAEDICS LTD0.09 $8,960,315.00 13-55
NHL NOVITA HEALTHCARE LTD0.012 $5,391,662.00 -29-55
NTI NEUROTECH INTERNATIONAL LTD0.016 $2,171,902.00 -24-57
MEB MEDIBIO LTD0.009 $2,239,213.50 -10-57
ONE ONEVIEW HEALTHCARE PLC-CDI0.25 $43,221,620.00 19-58
SIL SMILES INCLUSIVE LTD0.1 $6,995,397.50 -19-60
RGS REGENEUS LTD0.065 $13,577,534.00 -28-64
BNO BIONOMICS LTD0.037 $20,153,378.00 -39-66
VTI VISIONEERING TECH-CDI0.045 $12,187,868.00 5-68
CGS COGSTATE LTD0.21 $25,031,200.00 -13-68
OSL ONCOSIL MEDICAL LTD0.048 $30,274,022.00 -20-73
ACW ACTINOGEN MEDICAL LTD0.011 $12,311,545.00 10-77